Customs exemption for petroleum operations under the Marginal Field Policy expanded to include specified goods subject to specified conditions. A new tariff entry (serial 359A) grants nil duty treatment for goods in List 13 used in petroleum operations under the Marginal Field Policy, subject to Condition 44; the ANNEXURE amends Condition 44 clauses (a), (b)(i) and (c)(i) to include the Marginal Field Policy and specifies commencement on or after the fourteenth day of October, 2015 for clause (a).
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Customs exemption for petroleum operations under the Marginal Field Policy expanded to include specified goods subject to specified conditions.
A new tariff entry (serial 359A) grants nil duty treatment for goods in List 13 used in petroleum operations under the Marginal Field Policy, subject to Condition 44; the ANNEXURE amends Condition 44 clauses (a), (b)(i) and (c)(i) to include the Marginal Field Policy and specifies commencement on or after the fourteenth day of October, 2015 for clause (a).
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